Russia will cut oil production by extra 500,000 bpd in Aug - Novak's office

Natural Gas World - Latest News · last updated July 3, 2023 – 7:17 AM

MOSCOW, July 3 (Reuters) — Russia will cut oil production by an extra 500,000 barrels per day (bpd) in August, on top of the same amount it had pledged to reduce from March until year-end, the office of Deputy Prime Minister Alexander Novak said on Monday.

Novak earlier said Russia would cut oil exports by 500,000 bpd next month.

(Reporting by Vladimir Soldatkin and Olesya Astakhova; Editing by Kevin Liffey)

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